A qualifying supply disruption may include the de-ration or unplanned outage of a seller-owned or controlled generating unit, the curtailment of a prescheduled purchase or the curtailment of a power purchase agreement. Building the future of energy is a big mission, and were honored to take it on. Find documents and instructions to register for our auctions. The primary difference between these day-ahead products is the right, but not the obligation, of the seller to curtail recallable energy in the event of a supply-side disruption. This may include model number, serial number, manufacturer, or other information. As revised, the Hour-Ahead Auction will now open 85 minutes prior to the beginning of the Delivery Hour and close 70 minutes prior to the beginning of the Delivery Hour. Our values set us apart, and they make us who we are. The bid period will open at 75 minutes prior to the delivery hour and will close at 60 minutes prior to the delivery hour. . Safety is a core value throughout the Southern Company system. Southern Companys electric operating company Georgia Power is currently building the first new nuclear units in the United States in the last three decades. The Southern Investment Plan provides a convenient way to purchase shares of Southern Company common stock. In addition, a successful divestment provides a significant (and often unexpected boost) to the organization's bottom line. If Southern Company authored the tags that must be curtailed, the energy coordinator or hourly scheduler shall initiate the necessary tag market adjustments within the business practice constraints of the Balancing authorities and transmission providers who are in the physical path of the tags. There are many hidden costs that are associated with carrying idle assets. "JJ Kane Auctioneers" is a registered trademark of JJ Kane Associates, Inc. An auction can be a cost effective way to sell assets or inventory and can be a great way to discover the price of an item. Were committed to supporting and improving our communities and environment. We are developing and deploying resilient, sustainable and economical energy solutions you can depend on no matter the storm. As a fiduciary, Columbia Trust Company takes care to intimately understand your foundations mission so we can always act in your best interest. Some companies also use outsourcers to sell assets or equipment. Per the Debt Collector Licensing Act some applicants are allowed to do business while they are waiting to be denied or approved. There can be significant costs associated with the asset disposal process. Offer blocks will be rejected where the offer price is higher than all bid prices. Good afternoon. If you want to experience the southern way, please contact us below. Donation is an option that is not used as frequently by investment recovery professionals. Still other assets may be attached to a property or can be part of a plant and may need to be removed in order to be disposed. Don't have an account? What is Investment Recovery? | A Helpful Guide (Backed by Data) | Epiq Likewise, Seller Participants must set up credit limits for all companies - these credit limits must be kept reasonably up to date because the webMarket system decrements credit for matched transactions - the default credit limit is zero. Epiq Investment Recovery Software Overview. Please click herefor more information. For an independent power producer, recallable energy is equivalent to a unit contingent transaction. Used cars, trucks, utility and construction equipment from Southern Companys fleet are available for purchase by the general public in JJ Kane auctions throughout the year. This is an effective time saving device for the investment recovery professional. The governing terms and conditions are set forth in Southern Company's Market-Based Rate Tariff, which is on file with FERC and accessible atwww.ferc.gov. Employees routinely work under conditions that require exceptional safety measures and awareness. In that event, the loss of the upstream supply will give the seller the right to recall. As always, we value your input and appreciate your participation in the Southern Company Energy Auction. Seller retains the right to reject without consequence to itself any tag that does not contain the proper scheduling source. Professional Bureau of Collections of Maryland, Inc. SCA Collections - Greenville, N. C., Inc. Oghma Credit Services; Orange Capital Solutions, Sutherland Global Collection Services LLC. The main processes of idle asset identification, redeployment, and divestment are the what investment recovery professionals spend much of their time doing. In the event of a supply disruption that affects the available capacity offered into the DAE auction, the fleet coordinator (Real Time Operations) shall determine if recallable energy transactions must be curtailed for reliability. Through our PGA TOUR partnership, over $40 million has been donated in our communities to fund education, wellness programs & neighborhood revitalization. Were committed to supporting and improving our communities and environment. If the counterparty terminates the buy-through, the tag shall be curtailed. These Web Services are approved by the Auction Provider for programmatic access to the Auction System, and user manuals related to Web Services will be available in the auction system. Across Southern Company, we are looking to improve relations between all members of the communities where we live and work. The day-ahead energy auction consists of two simultaneous auctions - one for firm-LD energy and one for recallable energy. Investment recovery, also called asset recovery or resource recovery, is the process of recouping the value of unused or end of life assets. Historical Bid/Offer Posting: Currently, historical bids and offers by Auction participants are posted on a six-month delay. First, if a piece of equipment works, it could be put to better use somewhere else. We believe in the importance of protecting critical infrastructure and Americas way of life. Energy can connect people, business and future generations to possibility and opportunity. We are developing and deploying resilient, sustainable and economical energy solutions you can depend on no matter the storm. It is important that such programs are designed to accomplish the strategic business objectives set forth in the program charter. However, larger organizations that have more equipment, operating locations, employees, or assets often have the greatest opportunities to reap benefits by implementing investment recovery best practices. Use constitutes acceptance of General Website Terms and Conditions. Southern Company - Investor Relations Southern Company Surplus Equipment Auctions - JJ Kane Auctions Southern Company Surplus Equipment Auctions Used cars, trucks, utility and construction equipment from Southern Company's fleet are available for purchase by the general public in JJ Kane auctions throughout the year. The cost-based cap for all offers submitted by Southern in the Energy Auction does not include a demand charge. Southern Company is committed to transparent disclosure of our sustainability initiatives. If the auction software does not assign the scheduling source, then the scheduling source will be provided by the seller so as to allow timely submission of the NERC tag. A counterparty that has chosen to buy-through a non-reliability curtailment shall have the right to terminate its buy-through by notifying the seller with one-hour's notice. Outsourced sale services do entail significant costs. Southern Investment Plan. Southern Company has contracted with OATI to develop and host the webMarket software being used for the Southern Company Energy Auction. Investment Recovery Association Physical Location 10100 N Ambassador Dr, St 310 Kansas City, MO 64153 . Employees routinely work under conditions that require exceptional safety measures and awareness. Fixed price sale is often the easiest sale to make for an investment recovery professional. Our Companies | Southern Company CHECK CASHIERS OF SOUTHERN CALIFORNIA, INC. Christina A. Ciceron, A Professional Corporation. Donations also help the receiving organization since that organization has a great need for the equipment. Annual investment maximum of $300,000. Southern Investments To make a request to purchase energy offered through the day-ahead energy (DAE) Auction or hour-ahead energy (HAE) Auction, auction participants must submit a bid in the appropriate auction. This auction will be for one-megawatt increments of non-firm energy for delivery "into Southern" for the upcoming hour. The energy coordinator shall determine how many of the eligible MWs should be curtailed and what time the curtailment should begin. There could be additional pending applications. Sealy, TX 77474. Southern Company has expanded our product offerings to provide energy that is clean, safe, reliable and affordable across the entire portfolio of energy sources. Email: support@transervinternational.net. Dont miss out and sign up for email updates. Corporate Responsibility Executive Summary for 2021 highlights key areas of interest to help stakeholders access environmental, social and governance (ESG) disclosures and other meaningful information on topics like greenhouse gas (GHG) emissions reductions and diversity, equity and inclusion efforts. We're recognized as a leader in our space for the strides we make in advancing sustainable energy. FREED A Professional Law Corporation, Law Offices OF Siegel & Siegel, A Professional Law Coporation. Across Southern Company, we are looking to improve relations between all members of the communities where we live and work. The energy auction will supplement existing bi-lateral markets. Weve made our name as a leading producer of clean, safe, reliable and affordable energy, and we approach each day as a vital step in building the future of energy. Use constitutes acceptance of General Website Terms and Conditions. October 27, 2022. For idle assets, it is important to be able to track them, know where to find them, and to know which part of the organization they belong. We are developing and deploying resilient, sustainable and economical energy solutions you can depend on no matter the storm. All prospective bidders must be in good standing with Southern Company credit requirements consistent with the master power purchase/sale agreement between buyer and seller. Southern Company is honored to be a preferred energy partner for the U.S. Department of Defense (DOD) and federal agencies across the country. Note that a buyer may continue to attempt to submit properly formatted tags up to the tagging deadline. The IAM shall be responsible for ensuring that the energy auction is administered in accordance with the"Rules of the Energy Auction"and that Southern Company participates in accordance with the"Rules on Southern Companies' Energy Auction Participation." Both involve 50-megawatt blocks of energy for delivery "into Southern" during the 16-hour period from 6 a.m. to 10 p.m. Auction participants are responsible for obtaining and managing these OATI digital certificates to the auction software. Southern Company. You must click the activation link in order to complete your subscription. For information pertaining to Phase I of the Energy Auction (i.e., the period of the energy auction prior to Phase II whereby Southern Company was the only authorized seller), please seePhase I Energy Auction Information. Southern Company commits to promote an actively anti-racist culture and to ensure that all groups are well-represented, included and fairly treated within all levels of the organization. Participants wishing to participate as sellers must set up Counterparty Authorizations. Amplifying Program Investment; Reviving a Unique Landscape; Partnership with a Purpose. Southern Company 4.0. February 16, 2023. Building the future of energy is a big mission, and were honored to take it on. When we have company assets we need to sell - such as old office equipment, industrial equipment or other surplus materials - Consumers Energy turns to our Investment Recovery Center, located in Jackson, Michigan. Southern Company commits to promote an actively anti-racist culture and to ensure that all groups are well-represented, included and fairly treated within all levels of the organization. Sitemap | Southern Company Transactions equaling this amount of energy shall be curtailed for the remainder of the schedule in accordance with the curtailment priority established by the webMarket software. Auction Participants can download the necessary registration documents from theAuction Registration Processsection of the Energy Auction website. Across Southern Company, we are looking to improve relations between all members of the communities where we live and work. At Southern Company, our total rewards play an important part in who we are as a company and how we attract, engage and retain the best talent. For recallable energy and hourly transactions in which Southern Company is the seller and the buyer does not properly take delivery of the purchased energy, Southern Company will buy back the energy at 90 percent of the transaction price. For the firm-LD transactions (the other product sold in the DAE auction), standard rules and practices for the delivery and receipt of firm-LD products apply. Division of Consumer Financial Protection, Division of Corporations and Financial Institutions, Licensee & Financial Service Provider Search, Actions, Order and Administrative Hearing Decisions, Central Locations for Service of Legal Process, Office of Financial Technology Innovation, Licensees and Industries Regulated by the DFPI, Actions, Orders and Administrative Hearing Decisions, "Northern California Collection Service, Inc.", A.R.C. The best method is the method that provides the highest value / benefit for the organization, has the lowest divestment costs, and still complies with the organization's divestment policies. The sealed bid process, while similar to an auction, involved taking one "last and best" offer from prospective buyers. This field is for validation purposes and should be left unchanged. Southern Company is one of the largest producers of electricity in the United States and the largest wholesale provider in the Southeast. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. There will usually be additional terms and conditions that will apply to this sale due to the sensitive nature of the asset. Southern Company commits to promote an actively anti-racist culture and to ensure that all groups are well-represented, included and fairly treated within all levels of the organization. Views of Columbia Trust Company are as of the date published and are subject to change based on market conditions and other factors. Across Southern Company, we have never stopped working during the COVID-19 pandemic as we continue to serve our 9 million customers every day. Nestle Purina Investment Recovery Group - LabX The asset is listed for a specific price and if the buyer likes the price, the buyer will purchase it. Search in item name and keyword list. Independent Monitoring of the Energy Auction. Tool Or File Cabinet (2544968) Mesa Az. Most investment recovery professionals use this option quite frequently. It also includes assessing the condition of the asset and determining if it can still be used productively. Please take a moment to complete the questions below. Redeploying an asset to another part of an organization removes an asset from the idle category and also saves the organization money by eliminating the need to purchase a new asset at current market rates. There are a large number of other processes that fall under each of these areas. Southern Company reports fourth-quarter and full-year 2022 financial results. There are several important components to effective investment recovery. This can be a time consuming and lengthy process. Explore this report to learn more about how we put it . Donations can also provide goodwill and a tax benefit. Timing of the Hour-Ahead Auction: Currently, the Hour-Ahead Auction opens at 75 minutes prior to the beginning of the Delivery Hour and closes 60 minutes prior to the beginning of the Delivery Hour. Our Company Values. Third, there are very real storage costs for holding and storing equipment and materials. Columbia Trust Company operates out of five offices located in Washington, Oregon and Idaho, making us a great choice for geographically distributed families. Through our PGA TOUR partnership, over $40 million has been donated in our communities to fund education, wellness programs & neighborhood revitalization. Other assets may be of such a sensitive nature that a company can not afford to have the asset fall into competitors hands. Alabama Power Company - Invrecovery 2030 Dow Center. This Compliance Filing was accepted by FERC on March 25, 2009. To make a request to sell energy through the day-ahead energy (DAE) Auction or hour-ahead energy (HAE) Auction, auction participants must submit an offer in the appropriate auction. The proposal was conditionally accepted by FERC on Dec. 18, 2008, and Southern Company filed their Compliance Filing accepting all conditions on Jan. 21, 2009. Learn more about our online bidding process and registering online. Dow Chemical Investment Recovery xmlhttp0.send(xmlhttp0POST); The optimal method often can be difficult to determine but understanding the options available will usually make the decision easier. This is because asset sales and scrapped equipment are usually booked as revenue to the organization. Participants may submit offers to sell or bids to purchase into this auction. Weve made our name as a leading producer of clean, safe, reliable and affordable energy, and we approach each day as a vital step in building the future of energy. Building the future of energy is a big mission, and were honored to take it on. At Southern Company, our total rewards play an important part in who we are as a company and how we attract, engage and retain the best talent. The bid period for these two auctions will open at 12:00 p.m., two days prior to delivery and will close at 6:45 a.m., one day prior to the delivery day. Employees routinely work under conditions that require exceptional safety measures and awareness. Across Southern Company, we have never stopped working during the COVID-19 pandemic as we continue to serve our 9 million customers every day. On October 19, 2009 Southern Company submitted a Compliance Filing to FERC that contained tariff revisions necessary to incorporate third party sellers per that acceptance order. Southern Company reports third-quarter 2022 earnings. xmlhttp0.open("POST", "/external/wcpages/v12/referral/record.aspx?ProfileIDsCSV=" + profileidcsv + "&ListingIDsCSV=" + listingidcsv + "&ReferralType=" + referraltype + "&FileName=" + filename + "&AFT=" + AFT, true); Transactions equaling this amount of energy shall be curtailed for the remainder of the schedule in accordance with the curtailment priority established by the webMarket software. | Contact Us. The proposal was conditionally accepted by FERC on December 18, 2008. Contact Us 478-218-2189 info@southerninvestmentsllc.com Navigate About Land For Sale Equipment For Sale Contact We combine this high-touch approach with sophisticatedinvestment management solutions, helping non-profit endowments fulfill their promises long into the future. Both involve 50-megawatt blocks of energy for delivery "into Southern" during the 16-hour period from 6 a.m. to 10 p.m. var xmlhttp0POST = '{"ProfileIDsCSV" : "' + profileidcsv + '","ListingIDsCSV" : "' + listingidcsv + '","ReferralType" : "' + referraltype + '","FileName" : "' + filename + '","AFT" : "' + AFT + '"}'; United States. One of the conditions set forth by FERC in their Dec. 18, 2008 acceptance order required the expansion of the energy auction to include third party sellers within one year. More Surplus Auctions ** NOTICE TO ALL BOEING EMPLOYEES ** FOR REDEPLOYABLE ASSETS - PLEASE VISIT THE ENTERPRISE REDEPLOYMENT SITE Enterprise Equipment Redeployment (search 'EER' on Boeing network) ASSETS UP FOR AUCTION ARE NOT REDEPLOYABLE